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If a company had a contribution margin of $1000000 and a contribution margin ratio of 40% total variable costs must have been
Total Liability
The combined amount of debts and obligations that a company owes to outside parties.
Total Expenses
The total amount of money spent by a business during a specific period, including both fixed and variable costs.
Total Assets
The sum of all assets owned by a company, including current, fixed, and intangible assets, reflecting the total resources it has at its disposal.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, representing the asset's consumption or wear and tear.
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